Nocil Jumps Over 5% On Expansion Of Navi Mumbai And Dahej Plants

Nocil in Friday’s trade is participating in the rally of the benchmark indices. The stock witnessed a jump by over 5% as the company announced that they are going to expand capacities in the plants located at Navi Mumbai and Dahej.

The board of directors of the company have approved the expansion of capacities of rubber chemicals and their intermediaries at the company’s plants.

Nocil on the NSE witnessed a huge spurt in volumes by over 2.42 times, hitting a fresh 52-week high of Rs 88.50 per share in opening trade. The stock in a period of one year has delivered 94% returns, outperforming the BSE Small-cap and Nifty Commodities indices over the same time span.

Nocil Limited is an India-based company, which offers basic organic chemicals. The company is engaged in the business of manufacturing and trading of rubber chemicals. The company's brands PILFLEX Antidegradants, PILNOX Antioxidants, PILCURE Accelerators, Post Vulcanisation Stabiliser and PILGARD Pre Vulcanisation Inhibitor are used in both domestic as well as international markets.

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About Suhani Varma

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